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Bagdad Employees Housing Development

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Bagdad Employees Housing Development REQUEST FOR EXPRESSION OF INTEREST BAGDAD EMPLOYEES HOUSING DEVELOPMENT 10/31/2018 DUE: 5:00 PM 12/20/2018 Pre‐Submittal Meetings: 11/13/2018 & 11/14/2018 Deadline for Inquiries: 5:00 PM, 11/23/2018 TABLE OF CONTENTS 1.0 INTRODUCTION ....................................................................................................................................... 1 2.0 PURPOSE OF THE REQUEST FOR EXPRESSION OF INTEREST (REOI) ....................................................... 1 2.1 INTENT ................................................................................................................................................ 1 2.2 BACKGROUND INFORMATION ............................................................................................................ 2 2.3 TERM OF COOPERATION AGREEMENT ............................................................................................... 5 3.0 PRE‐SUBMITTAL CONFERENCE ............................................................................................................... 6 4.0 SPECIFICATIONS OF COOPERATION ........................................................................................................ 6 4.1 SCOPE OF THE PROJECT ...................................................................................................................... 6 4.1.1 PROJECT DESCRIPTION ................................................................................................................ 6 4.2 PARTICIPATION BY FMBI ..................................................................................................................... 7 4.3 BRIDLE CREEK ...................................................................................................................................... 7 5.0 TERMS & CONDITIONS ............................................................................................................................ 8 6.0 FORM OF EXPRESSION OF INTEREST ...................................................................................................... 8 7.0 CALENDAR OF EVENTS ............................................................................................................................ 9 APPENDIX 1 ............................................................................................................................................. 10 FINANCIAL IMPACT OF BAGDAD OPERATIONS ON YAVAPAI COUNTY AND ARIZONA ‐ 2017 ............... 10 APPENDIX 2 ............................................................................................................................................. 11 FORM OF CONFIDENTIALITY COMMITMENT.......................................................................................... 11 APPENDIX 3 ............................................................................................................................................. 12 BRIDLE CREEK LOCATION MAP ............................................................................................................... 12 1.0 INTRODUCTION Freeport‐McMoRan Bagdad Inc. (FMBI) is requesting Expressions of Interest (EOIs) from entities that may be interested in providing housing products to our present and potential future expanded workforce. The purpose of this Request for Expressions of Interest (REOI) is to assist FMBI in determining its approach to providing housing to up to 100 current employees and potentially an additional 800 new employees associated with its Bagdad mine operations. FMBI wants to understand the views developers have regarding risks and uncertainties associated with developing private housing units for present and future employees. 2.0 PURPOSE OF THE REQUEST FOR EXPRESSION OF INTEREST (REOI) 2.1 INTENT As more fully detailed in subsequent sections below, FMBI is evaluating an expansion at their Bagdad mine operations that could add up to 800 new positions to the Bagdad workforce. Accordingly, a similar number of housing units will be needed to support the expanded operation. It is the intent of FMBI to determine the feasibility of having private sector resources provide the vast majority of the required new housing units within a reasonable commute distance to the Town of Bagdad. To deem housing units outside of the Town of Bagdad feasible, FMBI is working to understand if private sector resources: Have the ability and desire to create several hundred housing units within the timeframe required (expanded mine operations programmed to start in 2024) Can provide housing units that are going to make the FMBI employee decision to live outside the Town of Bagdad sustainable over the long term: o Within a maximum of 60 minutes commute time to Bagdad o Connections to others and amenities o Feel settled working for the Bagdad mine operation FMBI is looking for one or more entities to work with to facilitate a mutually beneficial relationship that would provide customers for the entities’ products while substantially or completely eliminating the need for FMBI to build additional housing in Bagdad. At present Bagdad and all employee housing is owned and managed by FMBI. Through this REOI process FMBI desires to be able to assign a level of certainty that current and future employees at Bagdad will select the option of living outside Bagdad. Secondly, to obtain a high level of certainty, determine what, if any, of the following are required: Incentive payment(s) to FMBI employees to obtain private housing outside Bagdad Special interim or permanent financial support to entities that will provide the housing units 1 It is also anticipated that 2,000 temporary workers will be required to construct and install the expanded mine facilities over a three‐year period (2021 – 2023). Should entities desire to propose potential temporary workforce housing solutions those would be considered. Temporary workforce housing solutions could be in the form of temporary or permanent RV Parks, camp grounds, turn‐key man camps, home rentals, etc. Associated with the temporary workers could be opportunities that are synergistic with the permanent workforce housing needs. What may be permanent for rent or for sale employee housing ultimately, could initially be temporary workforce rental housing. The graphic below shows the current workforce and anticipated workforce (both temporary and permanent) to support the mine expansion being evaluated along with the current anticipated schedule. 2.2 BACKGROUND INFORMATION Existing Situation Bagdad is one of the few remaining true company towns in the Southwest United States. Bagdad, an unincorporated community of about 2,600, is wholly‐owned and operated by the Freeport‐McMoRan mining company. Bagdad is a vibrant historic mining community and is identified as a strategic asset for future growth. It is located in the high desert of central Arizona approximately 100 miles northwest of Phoenix, and 60 miles west of Prescott. As a company town, FMBI ownership includes the majority of the land within the town site footprint, most housing units, and the majority of all buildings. Residents pay rent and all utilities except water. The town’s only grocery store, Bashas’, rents space in a building owned by the mine along with other small businesses and the post office. Although small, Bagdad does offer most essential services. There’s a full‐time fire department, a K‐12 public school, preschool and daycare; gym, library, golf course, outdoor and indoor pool and a medical clinic facility. All streets and utilities are owned, operated and maintained by a public works group that are employees of the Bagdad mine. 2 The Bagdad mine has been in large‐scale production since 1976. The town currently has approximately 800 residential units, which includes a trailer park two miles northeast of town consisting of approximately 150 units. The town also has 2 RV parks, with a capacity of 140 units. Housing in Bagdad itself consists primarily of traditional three‐bedroom family homes with the remainder being almost evenly split between larger four‐bedroom homes and smaller single occupancy units. All residential homes occupy lots that range from approximately 5,000 S.F. to approximately 15,000 S.F. At any particular time, there are approximately 100 employees on the housing waiting list. In addition, employee surveys indicate a number of current employees are interested in moving out of Bagdad with a company incentive. Potential Situation FMBI is evaluating the feasibility of expanding the production capacity of its Bagdad, Arizona mine. The potential expansion could add up to 800 new positions to the existing 930 permanent positions at the mine. As outlined above, the vast majority of current employees and contractors live in company provided housing in the Town of Bagdad – with a housing wait list of approximately 100. 10% of employees already voluntarily chose to live outside of Bagdad. Should the expansion be approved and implemented, this will greatly increase the need for housing beyond the 100 employees on the housing wait list. Fully 900 – 1,000 employees and contractors will be needing housing. As part of the mine expansion feasibility evaluation, FMBI conducted a survey of current employees to gauge their interest in relocating outside the Town of Bagdad. Below are the questions and responses that related to the portion of the survey that addressed moving outside of Bagdad. There were 122 responses to the survey. Question 1: Would you consider buying a home in the vicinity of the Bagdad mine versus renting company
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